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Overview of NetSuite ERP Features

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Engineered for high-growing, mid-sized businesses and large enterprises, Oracle NetSuite is cloud-based, true SaaS business management solution that enables companies to manage all key business processes through single system. Available as online service, Oracle NetSuite ERP requires no large upfront cost, no maintenance fees associated with hardware or software, and no complex set ups. NetSuite ERP features capabilities across financial management, revenue management, fixed assets, order management, billing, and inventory management while delivering real-time view of key performance indicators and reports to top management, enabling them to make well-informed decisions.

Key features of Oracle NetSuite ERP

Financial Management – As comprehensive financial management solution, NetSuite ERP expedites daily financial transactions, accelerates the financial close while ensuring compliance. By consolidating financial data, reports and transactions into single platform, NetSuite delivers real-time visibility into the financial performance. Furthermore, it can be integrated seamlessly with order management, inventory, CRM and ecommerce functions to streamline critical business processes.

  • Finance and Accounting
  • Billing
  • Revenue Recognition
  • Financial Planning & Reporting
  • Global Accounting and Consolidation
  • Governance, Risk, & Compliance Management

Planning and Budgeting – NetSuite facilitates both company-wide and departmental financial planning, accommodating wide range of business logics. NetSuite also offers seamless integration with Microsoft Office tools such as Microsoft Outlook, Excel, Word and PowerPoint with Smart View for Office, allowing users to leverage Excel as the environment for adding custom members on the fly, slicing and dicing data and ad-hoc modeling.

  • Capex Planning
  • Travel And Expense Planning
  • Workforce Planning
  • Predictive Planning
  • Reporting Capabilities

Order Management – Eliminate manual bottlenecks, prevent errors while establishing smooth flow from sales quote to order fulfillment, ensuring timely invoicing and payment. You can improve quote accuracy, eliminate billing errors, & strengthen revenue recognition processes by integrating sales, finance and fulfillment teams.

  • Pricing & Promotions
  • Sales Order Management
  • Returns Management

Production Management – NetSuite ERP enables organizations to run their manufacturing operations efficiently by streamlining sales order, work order processing, routing, scheduling, order fulfillment and product costing. By offering real-time visibility into every step of the production process, NetSuite help you to make better-informed decisions.

  • Product Data Management
  • Work Order Management
  • Planning and Scheduling
  • Quality Assurance
  • MES

Supply Chain & Inventory Management – Build to support modern supply chain across multiple continents and time zones, NetSuite ERP provides a global time phase view that enables you to see projected inventory along any demand or supply. NetSuite ERP features demand planning capability with which organizations can calculate and predict demand based on historical demand, open opportunities and/or manually entered or imported sales forecasts.

  • Demand Management
  • Supply Management
  • Purchase Order Management
  • Transfer Order Management
  • Work Order Management

Warehouse and Order Fulfillment – NetSuite helps organizations to improve warehouse operations by increasing agility, visibility and labor efficiency. With sophisticated Warehouse Management System (WMS), NetSuite helps in optimally managing all resources within distribution operations while minimizing the total cost of operation or ownership (TCO). NetSuite, further, supports RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.

  • Inbound Logistics
  • Outbound Logistics
  • Inventory Management
  • WMS

Procurement – As procurement solution, NetSuite helps companies buy goods and services at the best cost and in a timely manner. NetSuite delivers real-time information into company spend and vendor performance while improving the accuracy of the procure-to-pay process by automating and linking key procurement transactions.

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